Using the Following Partial Table of Present Value of $1

question 12

Multiple Choice

Using the following partial table of present value of $1 at compound interest,determine the present value of $50,000 to be received 3 years hence with earnings at the rate of 12% a year: ​
​

• A) $37,550
• B) $31,800
• C) $35,600
• D) $39,850

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Definitions:

Skills Valued

Abilities or proficiencies that are highly regarded and sought after in various contexts, such as in the workplace or personal life.

Culture

A system of shared beliefs, norms, behaviors, and expectations that persist over time and prescribe social behavior and assumptions.

Serious Stressor

A significant event or situation that causes considerable stress, potentially leading to long-term psychological or physical effects.

Primary

First in order or importance; fundamental.